ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 11,820,000 shares, a decline of 28.7% from the February 28th total of 16,570,000 shares. Currently, 17.4% of the company's shares are sold short. Based on an average trading volume of 64,990,000 shares, the short-interest ratio is currently 0.2 days.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
A number of institutional investors and hedge funds have recently modified their holdings of the company. Peoples Bank KS bought a new position in ProShares UltraPro Short QQQ during the fourth quarter worth $62,000. Centerpoint Advisors LLC boosted its stake in shares of ProShares UltraPro Short QQQ by 20.0% in the fourth quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company's stock valued at $187,000 after buying an additional 1,000 shares during the period. World Investment Advisors LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 51.0% during the 3rd quarter. World Investment Advisors LLC now owns 28,000 shares of the company's stock worth $207,000 after purchasing an additional 9,463 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $360,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at $423,000.
ProShares UltraPro Short QQQ Trading Up 16.2 %
Shares of NASDAQ:SQQQ traded up $5.93 during midday trading on Thursday, reaching $42.53. 132,581,969 shares of the company were exchanged, compared to its average volume of 42,236,611. The stock has a fifty day simple moving average of $32.09 and a two-hundred day simple moving average of $32.96. ProShares UltraPro Short QQQ has a fifty-two week low of $26.21 and a fifty-two week high of $64.95.
ProShares UltraPro Short QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.4823 per share. This represents a $1.93 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend was Wednesday, March 26th.
About ProShares UltraPro Short QQQ
(
Get Free Report)
ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.
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